Macro & Microeconomics Essays

Globalization is considered as one of the strongest forces of change in the world as over the period of time, it has made many changes into the very social fabric of society. The results that globalization has brought in are really unprecedented as the impact has not only are related to the economics but also with the socio-political aspects too. 

The Volcker Rule was endorsed in 2010 as part of the financial reform law by Dodd-Frank. The legislation prohibits commercial banks from hedging funds. Its purpose, according to its advocate Paul Volcker, is to prevent or stop banks from taking unnecessary risks with the funding advantage offered by federal deposit insurance.

The business sector is seen as the growth driver of the economy. The fact that business investment has fallen faster than public capital investment, is indicative of the likelihood of the reduction in the productive capacity of the private sector. This, coupled with the fact that imports and exports have fallen, suggests that activity will shrink. 

Research methods involved collection of data that related to Major League Soccer and its players in the 2004 season. Data that related to the club’s 30 games were obtained from the club’s website and included the

This stems from the fact that, besides people’s need for privacy, there is the risk of sensitive information such as people’s credit card

The author states that while in the long run, the aggregate supply curve is a horizontal line price being flexible in the long run, in the short run the AS curve is a vertical line indicating rigidity in the prices in this shorter span of time. The positively sloped aggregate supply curve shows the trade-off that takes place between inflation and unemployment.

Countries that embrace free trade have access to open markets around the world. With low import-export restrictions, international trade has increasingly become a revolutionary practice. Today, promoting free trade is a global affair. However, the prospects of free trade are not without a costly side.

Alfred Marshall was born on July 26, 1842, in Clapham, England. He was born to a devout Evangelical father who was a bank cashier by profession. Marshall grew up in the London suburb of Clapham and attended the Merchant Taylors' School and St John's College, Cambridge, where he received his education.

The author states that insurance provides comprehensive coverage for UK firms directly hence ensuring their financial soundness. He notes that this is particularly important for small organizations that have limited access to financial markets making them vulnerable to adversities in the market.

ffers it close big market for its exports and a large import market after Japan thereby providing a favorable export on GDP at 73.1% and imports at -64.5% ( World Fact book of CIA, 2014). Singapore is a liberal free market economy with high development status. Through its

The global financial crisis, whose effect still spills today, began in mid-July of 2007 with a credit crunch that was a result of liquidity when the US investors lost confidence in the value of subprime mortgages. The US Federal Bank put a large amount of capital in the financial markets, but as the situation in 2008, the situation worsened.

Recently, the estranged owner of the basketball club Los Angeles Clippers Donald Sterling was banned by the NBA for life in regard to racist comments attributed to him. The NBA commission required him to relinquish ownership of the club, thus he sanctioned his wife Shelly to collaborate with his lawyers to negotiate the sale.

Oil being the major product exported, the fall in the global price of the product affects adversely the real income of the country. The country should be more competent about diversifying its products so as to spread the risk of a fall in the national income of the country in response to the fall in the price of a single product.

At the golden rule the saving rate is higher meaning hat capital per worker is also high at the Golden Rule steady state as compared to the initial state. There is

The cost of education in the United States is very high to the extent that most students are unable to access the quality education of their choice (Thelin 3). The contribution of education to economic development is insurmountable hence the federal government has increased the funding of education through grants and loans.

Unemployment has a negative effect on the economy and the quality of life of its citizens. Since unemployed individuals do not have a source of income, they cannot meet

This was after the New Jersey minimum wage was increased from $4.25 to $5.05 on hourly bases. The study was done in two periods, which included February 15-March 4, 1992, and November 5-December 31, 1992. The authors provided allowances for other sources of variation in employment including differences across the chains.

The point of intersection corresponds to the lowest point on each firm’s long-run average cost curve (LRAC). In the long run, competition forces a firm to adjust its scale until it achieves minimum average cost. The reason is that

There are various theories that relate the two and focus on their relative importance. While some of the theories like that of the Frankfurt School ignore one process completely, others like Marxism emphasize on the significance and mutual dependence of both the processes. As a result, the relation of the two is a critical factor that affects the benefits of the consumer and the producer.

It is also important to note that the economies of scale achieved in the production of the force however, the diseconomies of scales were observed in the command and control of this force. Thus the technological innovation coupled with the large and brutal force ensured that the State expansion resulted in the achievement of economies of scale to some extent however, due to limited command and leadership capabilities.

Mr Hoenig is of the opinion the recovery is not strong enough yet to absorb fully all of the proposed $600 billion stimulus plan to reinvigorate the American economy. Mr Hoenig wants to approach stimulating the economy slowly for fear of igniting inflation again. He also considers the recent past and wants to avoid runaway inflation. 

Stobart Company has illustrated that it has great potential for growth; it can achieve any anticipated growth from by undertaking a number of initiatives. One of them is getting into new markets, although this may be expensive and speculative, one the company becomes established and it accepted in the new markets, the total revenue is likely to shift upwards.

The initiative for the Fair Tax was in the hands of a private, non-profit advocacy group, Americans For Fair Taxation, who assembled a team of economists to design a tax that would

Obama has indicated that his administration is convinced by the substantial upsurge in the quality of health services being provided due the new care delivery models being offered. He has stated that the care has driven a number of organizations to ensure that they

The issue of income distribution takes center stage of the political-economic debate and there comes about the question of whether the government should distribute income from the poor to the rich. In my opinion, there should be a greater degree of equality than what is present in the current times.

Its primary source of funding was from contributions of the member countries. After collections, these funds were to be directed towards nations that experienced payment imbalances (Vreeland & James pg 20). Through contributions and

It can be asserted that the macro economy deals with long-term economic growth and short-term fluctuations in a business cycle. In simple words, it can be defined as a branch of economics, which assists in measuring the performance, behavior and structure of an economy as a whole. It helps in forecasting the gross domestic product (GDP) of a nation (Hubbard1-29).

The media report suggests that for the year 2013 according to the media survey, the media freedoms are slowly going down and this could affect the media abilities and works. Media freedom as per an interview with one of the media personalities indicated that the freedom decline was happening for the second time in History.  

Taking a deeper look into the microeconomics that was at play in the Glastonbury music festival, we find that the preferable balance or equilibrium between demand and supply was not portrayed. With only about a hundred and thirty thousand people out of roughly one million one hundred thousand people obtaining tickets, only ten percent of the market demand was addressed.

Generally, inflation increased the mortgage rules and the lending rates also increased reducing the number of people who could afford to own a home. The federal government has however loosened up the mortgage rule by enforcing measures that will ensure that mortgage lending standards are eased a bit.

Finally, I have provided statistics regarding pregnancies, births, abortions, and miscarriages related to contraceptive use and access. It is expected that contraceptive insurance coverage will provide significant cost savings to the insured and to the

The features of a market can be organizational, competitive, or any other characteristics that define the commodity market. The major yardstick that economists use in defining market structures is the pricing modes and the nature of competition in a particular market. Economists define a market structure in terms of the number of participant firms.

Research has shown that the America corporate income tax is the highest in the globe. Today, corporate income tax stands at 35% while the same tax averages 23% in most parts of the world. Despite having in place a personal income tax, most people felt like it was unfair as it taxed both the rich and working class at the same rate.

Furthermore, he has won the prestigious National Medal of Science. The Nobel Prize was because of his iconic contribution to the equilibrium theory. Equilibrium is an aspect whereby it becomes impossible to treat diverse markets as separate institutions. The model affects

The situation in the UK is not different from what has been happening in the rest of the world with big cities taking over all the business for the smaller cities and masking the economic problems being witnessed in the countries. Investors move into the cities and camp there forgetting that there are other cities that need the investment more.

EU corporate response is underlined by a similar strategic response to the current global economic crisis. However, the real significance of this policy shift in the EU corporate context is marked by a dichotomy of approaches. High- leveraged firms in the EU do not respond to economic crises in the same way that low-leveraged firms do.

California state is on the verge of financial collapse is evident from the analysis by the Center on Budget and Policy Priorities, forecasting a deficit of $14 billion within the next two years. The problem with California’s state financials is not the lack of income, as remarked by Senator Dick Ackerman, “Our problem is we've just been spending too much.

In some cases for instance in regard to the sale of arms, the regulation are not well cut and may seem not realistic enough. It is not clear who is to determine the use and the intended purpose of ammunition. There are times when revealing such information may expose the security of a nation. It is for this reason that it remains datable whether or not the regulation on the selling of arms is effective in combating evils such as terrorism.

It's mentioned that people with MBA degrees earn more than $10,000 additional per year in comparison with a person with a bachelor’s degree. A second reason is to improve the skills and capabilities of the person. A third reason to pursue an MBA degree is to have a better chance to obtain a promotion in the workplace.

To respond to this increase, I minimized the quantity of gasoline to an affordable amount. I have achieved this by reducing the number of times I use my car for less productive trips. If the prices continue to rise in the next

Show the equilibrium in the above economy (as described in Question 3) on a properly labeled diagram using Demand and Output lines. If the economy’s actual production level is at $3800, how would you characterize the situation in the economy? What needs to happen for this economy to get back to equilibrium? Explain and illustrate on your diagram.

Monetary policy is usually aimed at controlling the money supply in a country which further contributes to economic stability. Monetary policy also ensures controlling inflation, employment, exchange rate volatility and economic growth (Fender, 2012). It functions through a number of policy decisions and operational tools which enhances its effectiveness (Sutherland, 2010).

Accommodation and food services industry also has shown sharp growth during the period from 2003 to 2004 and in 2005 started to show ups and downs. Visually the statistics of the employment rates for the above mentioned

Generally speaking, economic Growth is a measure of a particular country’s output in real terms whereas Economic Development is a broader term covering issues relating to the structure of an economy and real national income including the quality of life and state of resources at the disposal of a particular country.

To determine what the response from society and the government to the practice should be, it is important to first distinguish the various sexual service markets. According to Cameron, sexual service markets that involve deception, fraud, children, and coercion, generally those that are egregiously exploitative and non-consensual should be restricted.

The market model is an aspect of a mathematical representation of business and economic situations based on the data available (Gregoriou and Razvan 16). This is usually one of the most important aspects of consideration for various businesses as it enables them to predict certain aspects of their outcomes of a projected outcome in relation to the operations done in place.

The points are then plotted in a scatter diagram to show the relation between the sales and price giving a line that touches most of the points and this line is translated as Q= α + βP being the linear demand equation. Coefficient α and β represent the constant term and the slope of the demand equation respectively, forming a linear equation.

Jorge Mendes is involved in transfers with and without indemnity; enhancing the economy of the specific clubs. Some of Mendes’ major deals include; transferring Radamel Falcao from Monaco to Manchester United which cost him £6.7m, Diego Costa from Atletico to Chelsea which cost him £32m, James and Rodriguez from Monaco to Real Madrid which cost him £71m (Conn, para 6).

This caused radioactive emissions into the atmosphere in the next 6 days. Over 100,000 people living in a radius of 28 kilometers around the plant were evacuated and have remained in transit camps for over 3 years, though there are no

A great change is seen on the aspect that on 1810, only 75000 people worked on manufacturing industries but by the year 1860, 1.3million people were working on manufacturing industries. Effect of world war one on the labor